Crypto.com Supports Render Network’s Rebrand From RNDR to RENDER

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As a long-term crypto investor with experience in the industry, I understand that rebranding efforts and token swaps are common in the ever-evolving world of cryptocurrency. However, this news comes with some implications that need my attention as a RNDR token holder on Crypto.com.

Crypto.com is supporting Render Network in their brand makeover by switching the RNDR token to RENDER for smoother management of trading, deposits, and withdrawals on the platform.

Starting on July 16, 2024, the RNDR Perpetual contract will no longer be available on Crypto.com Exchange. It is strongly recommended that users close their positions before 08:00 UTC on this day to avoid any automatic settlements. Any open positions past this deadline will be settled based on the Time-Weighted Average Price (TWAP), with standard taker fees applying for these transactions.

As a crypto investor, I’m excited to share that Crypto.com is supporting Render Network in their token rebranding from $RNDR to $RENDER. Take note that starting on July 22, $RNDR will be delisted on the Crypto.com App and Exchange. Additionally, $RNDR Perpetuals will be delisted on the Exchange on July 16. For more information about this update, please check out the full details provided in the link.— Crypto.com (@cryptocom) July 11, 2024

As a crypto investor, I’d like to share some important information regarding RNDR token. On July 22, 2024, this digital asset will no longer be available for trading on the Crypto.com App and Exchange. This means that starting from July 22, both ERC-20 and Cronos-based RNDR deposits and withdrawals will not be accepted.

As a crypto investor, I can tell you that my current RNDR tokens will undergo an automatic transformation into RENDER tokens at a future point in time. This conversion process will preserve a 1:1 ratio based on my token balance within the Crypto.com App and Exchange, meaning no action is required from me. Further information concerning the listing of RENDER on both the App and Exchange will be shared in a forthcoming announcement.

RENDER, formerly known as Render Network, offers AI applications and entertainment industry professionals the opportunity to rent out their unused GPU resources via its platform, utilizing a native cryptocurrency. This decentralized P2P network aims to foster ongoing support for diverse AI-centric projects through its robust infrastructure.

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2024-07-12 03:48